Risk Management

The following Neverest Risk Management courses are offered in-house at your office or a designated off-site location at dates convenient for your team. Click below for course descriptions:

Risk Management: Risk & Control Workshop

1 DAY – 7 PD HOURS

Every organization is faced by risk. Risk can harm the organization; and also provide opportunities from which the organization could benefit. The challenge for management is to recognize and assess the risks and, then, to ensure that a suitable system of internal control is in place to mitigate the risks appropriately within the organization’s overall risk environment.

This course explores risk. It defines risk. It presents approaches for identifying individual risks. It explains risk and control matrices and shows how they can be used in assessing the inherent and residual risk associated with individual risks.

The course also explores internal control. It defines control. It explores different types of controls. It discusses the limitation of controls as regards the mitigation of risks. It explains the COSO Internal Control Framework and demonstrates how the Framework can assist in identifying controls to mitigate risks appropriately in computerized and non-computerized environments.

A solid understanding of risk and control concepts is particularly important for those working in not-for-profit organizations (NFPOs). Risks can harm NFPOs, or risks can produce opportunities from which these organizations can benefit. The challenge for management is to recognize and assess these risks, and ensure that a suitable system of internal control is in place to mitigate the risks appropriately within the NFPO’s overall risk environment.

Using a not for profit case study scenario, this course will explain how to define, identify and assess potential risks specific to not-for-profit organizations. It also defines, and explores different types of control. It explains the new COSO Internal Control Framework and demonstrates how the Framework can assist in identifying controls to mitigate risks appropriately in computerized and non-computerized environments.